- Crypto analyst and XRP trader highlights 3 main moves to prepare for.
- Here’s what to do next for XRP holders.
- The price of XRP could hit 2 lower targets before an explosive surge.
The majority of the crypto community remains crushed and disappointed to see that the Clarity Act failed its penultimate vote phase. Many hope to see Trump pull a surprise Plan B that will help get the bill to the finish line. Meanwhile, altcoin traders continue to prepare for what could be the biggest altcoin pump yet. In particular, one crypto analyst and XRP trader highlights 3 main moves to prepare for.
Crypto Analysts and XRP Trader Highlights 3 Main Moves to Prepare For
The latest rate hike announcements has led to a spark of bullish expectations despite the failure of the Clarity Act vote. What ended up being a high signal for bearish times turned immediately back to bullish once again. According to the traditional 4-year bull cycle, the prices of Bitcoin and altcoins are expected to rise continuously over the coming weeks and months as the bull market start is certain.
In fact, reputed analysts believe BTC bottomed at $57,000 and expect BTC to continue to reclaim higher prices, marking how the market is sitting at the early bull market phase. For now, the next bull target for BTC sits at $88,000, with $71,000 set as the lowest the asset can sink to. Meanwhile, altcoins are preparing for bullish surges of their own, and Ripple’s XRP is high among them.
Here’s What to Do Next
According to CoinMarketCap analytics, the price of XRP is currently trading at $1.3, showing that the asset is up by 0.85% in the last 24 hours. This data also shows how the asset is down by over 5% in the last 7 days, but up by over 30% in the last 30 days. The asset will need to pump over 150% to reclaim its previous ATH price in the $3 price range, a move that is still expected by many crypto traders.
As we can see from the post above, this XRP enthusiast, trader, and analyst says that there are really only 3 moves she is preparing for on the XRP price chart, and everything between the macro .786 and .618 is mostly noise. She expects the price of XRP to dip slightly more to the $1.105 target, where she will buy more XRP on the macro .786. This is the first major support and has an extra layer of confluence right now.
If XRP holds that support, it puts the larger Wave 3 above $2 in focus. The other target is the lower dip to $0.87, where she will buy more again at the macro .854, still completely possible. Personally, she is using a buffer with her order at $0.94 because she is more interested in getting filled than catching the exact wick.
Reaching the .854 wouldn’t destroy the larger bullish thesis, but it would mean restarting the new-trend count from that low and likely extending the timeline. However, buying $1.65 after $1.78 is reached would be the bullish alternative. If XRP has enough strength to break the macro .618 resistance, sustain it and reach $1.78, the need for those lower supports becomes significantly less likely. We should then be watching for the .618 to eventually be tested as support and the bullish structure to continue.
